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House prices in Silves

In Silves, the median price of homes sold from April 2025 to March 2026 was 2,815 €/m². Compared with the previous 12 months (April 2024 to March 2025), the price rose 13.1%. It is the 11th most expensive municipality in Faro district, out of 16 with data.

Data: INE, homes sold from April 2025 to March 2026 · published on 17 July 2026

2,815 €/m²all homes
2,818 €/m²existing homes
2,812 €/m²new homes
+13.1%change in a year

What the figures say

  • It is 30% above the national figure (2,168 €/m²).
  • The typical municipality in Faro district is at 3,125 €/m²; prices range from 917 €/m² (Alcoutim) to 4,091 €/m² (Loulé).
  • New homes sold below existing ones (2,812 against 2,818 €/m²), which happens when new building is in cheaper parts of the municipality.
  • At the median price, 100 m² comes to about 282,000 €.
  • In new leases from July 2025 to June 2026, the median rent was 10.19 €/m² a month, a gross yield of 4.3% a year. See rents and yields on the map →
  • The bank valuation for August 2026 was 2,707 €/m² (apartments 2,851, houses 2,517). It is the value banks give to homes bought with a mortgage, so it can differ from the sale price.

Price by parish

The INE publishes its own figure for 6 parishes in Silves, where there were enough sales.

ParishAll€/m²Existing€/m²New€/m²In a year
Armação de Pêra3,5343,5383,514+16.1%
União das freguesias de Alcantarilha e Pêra2,8532,831··
Silves2,5802,6632,204·
União das freguesias de Algoz e Tunes2,4082,470··
São Bartolomeu de Messines1,9631,900··
São Marcos da Serra1,0881,088··

· no figure published by the INE (few sales).

See Silves on the price map →

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Questions about prices in Silves

How much does a square metre cost in Silves?

According to the INE, the median price of homes sold in Silves from April 2025 to March 2026 was 2,815 €/m²: 2,818 €/m² for existing homes and 2,812 €/m² for new ones. At the median price, 100 m² comes to about 282,000 €.

Are house prices rising in Silves?

Compared with the previous 12 months (April 2024 to March 2025), the price rose 13.1%.

What is my home worth in Silves?

It depends on the parish, condition, floor and finishes, which can move the value a long way from the municipal median. The estimate on this page gives a first figure; for an accurate one, we take the details of your home and do a free valuation based on real sales nearby. Call us on +351 913 066 964.

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